Bank of America Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Principles - New Accounting Standards (Details)

Summary of Significant Accounting Principles - New Accounting Standards (Details) - USD ($) $ in Millions	Jan. 01, 2020	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment for hedge accounting change		$ 272,924	$ 264,810	$ 265,325	$ 267,146
Allowance for credit losses		20,680	10,229	10,398
Retained earnings		$ (164,088)	(156,319)
Cumulative Effect, Period of Adoption, Adjustment
New Accounting Pronouncements or Change in Accounting Principle [Line Items]
Cumulative adjustment for hedge accounting change			(2,406)	$ 165
Allowance for credit losses	$ 3,300		3,300
Loans and leases receivable, percentage increase in allowance	32.00%
Retained earnings			$ 2,400

- Definition

Total of all stockholders' equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity's stockholders' equity attributable to the parent excludes the amount of stockholders' equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.

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